The metaverse is on its last legs as VR is eclipsed by AI. But that's not the only thing that went wrong for Meta's VR ...

Meta is accelerating its pivot away from virtual reality, just over four years after changing its name.

Mark Zuckerberg effectively declared its death last December. But the delusional fervor it inspired lives on. Late last year, Meta confirmed it would effectively be abandoning the metaverse, a ...

Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...

Meta Platforms is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported Thursday, citing people familiar with the discussion. The Facebook parent’s shares ...

A big shakeup at Reality Labs.

Meta has laid off nearly 1,500 employees from its Reality Labs division as it pivots away from metaverse investments and ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s now two years since Facebook changed its name to Meta, ushering in a ...

Facebook, the world's largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR headsets and working on AR glasses and wristband ...

Almost exactly two years ago, CEO Mark Zuckerberg changed Facebook’s name to “Meta” to signal a sea change in his metaverse-focused operational priorities — and in the ensuing years, there’s arguably ...

Mark Zuckerberg bet tens of billions of dollars on the “metaverse” only to be mocked for the idea of an immersive virtual-reality social network at every turn. When all is said and done, his promise ...

AI? VR? The term might just refer to whatever Meta is doing now. AI? VR? The term might just refer to whatever Meta is doing now. is is a tech journalist and fellow at The Verge with the ICFJ Emerging ...